New Delhi: Gold futures prices tumbled by
1.43 percent on Wednesday on fresh off-loading by speculators in
line with a weakening global trend.
Gold for far-month June contract tumbled by 1.43 percent
to Rs 17,320 per ten gram in one lot.
The metal for delivery in April also plunged by 1.08 percent to 17,282 per ten gram in 186 lots, while February by
1.13 percent to Rs 17,236 per ten gram in business volume of
6,201 lots.
Marketmen said fresh off-loading by speculators on the
back of weakening trend in global markets mainly pulled down
gold prices at futures market.
Meanwhile, gold tumbled by 29.30 dollar to 1128.30 dollar
an ounce in New York last night.
PTI
First Published: Wednesday, December 09, 2009, 13:27